Legend Mining (LEG) Q2 2025 TU earnings summary

Executive summary

• Acquired 100% of the Pinnacle Well gold and base metal project in the Leonora District, expanding the project portfolio beyond Fraser Range.

• Assessed multiple new project opportunities aligned with corporate and technical strengths during the quarter.

• Maintained ongoing negotiations for land access agreements at Rockford.

Financial highlights

• Cash balance stood at $11.8M as of 30 June 2025.

• Exploration and evaluation expenditure for the quarter was $173,000.

• Payments to related parties totaled $177,000, covering directors' fees and salaries.

Outlook and guidance

• Ongoing assessment of new project opportunities to complement existing strengths.

• Future programs at Pinnacle Well include data compilation, geophysical reprocessing, and infill soil sampling to define targets.